Startups Raise $128m in Six Months in Pakistan
The initial investment in the first half of 2021 was US$128 million, the highest level in any six months on record.
According to investment consulting firm AlphaBetaCore, seed funding from January to June exceeds the sum of funds raised in the past three years. In an infographic published on social media on Thursday, the company stated that e-commerce is the most funded sector.
According to reports, the settlement flow is 39 million US dollars. This reflects 30% of the total funds raised during the six-month period.
Fintech is the second most attractive industry, with a total of 30 million US dollars raised, accounting for a 23% share.
Half of the fintech funds are raised through formal electronic money platforms. Transportation, education technology and health technology, and “others” accounted for 16%, 10%, 7%, and 14% respectively.
The average size of banknotes per operation remained at 3.5 million U.S. dollars, three times the size of a year ago. During the period under review, the A round of financing has turned sharply, which means that the market for emerging companies is deepening.
The A-series funds obtained after the company established its track record accounted for 57% of the share, followed by seed funds (36%) and pre-launch funds (6%).